Courts: ITAT Mumbai
Find latest ITAT Mumbai judgments, orders and case laws on income tax covering assessments, transfer pricing, international taxation, capital gains, TDS, reassessment and penalties.
Data Processing Cost reimbursement did not constitute ‘Royalty’
No proviso to section 2(15) applies if surplus earned from activities incidental to main object being charitable in nature
Netting off Interest Expenditure against Interest Income in absence of direct relation Not Allowed
Deduction u/s 36(1)(ii) Allowed for Bonus Paid to Directors who are Shareholder of Company
Appeal Against Revisionary Section 263 should be Filed Before Tribunal: ITAT Mumbai
Interest on business advances held as fixed deposit is Business Income
Foreign tax credit available even on income not subjected to tax in India except foreign tax paid in Finland & Canada
TDS not deductible on Agency Commission paid to Overseas Agents not having PE in India
Interest paid on borrowed funds used for business cannot be disallowed
ITAT Restricts addition for Bogus Bills at 5% of bogus purchases
ITAT deletes Addition of sales tax incentive receipt in case of RIL
No addition for Share application money if Recipient company proves identity, genuineness of transactions & creditworthiness of parties
Income from time charter services rendered by vessel cannot be treated as ‘royalty‘
ITAT explains Tax on Payments received by retired partner
ITAT Mumbai judgments and orders represent an extensive body of income-tax appellate jurisprudence covering individuals, businesses, companies and other taxpayers. This TaxGuru page brings together decisions relating to assessments, additions, deductions, exemptions, business income, capital gains, transfer pricing, international taxation, TDS, reassessment, unexplained income, penalties and procedural disputes. Chartered Accountants, advocates, companies, taxpayers and tax professionals can use this collection to research ITAT Mumbai precedents and follow important developments under the Income-tax Act. The page includes recent as well as significant earlier Tribunal decisions published on TaxGuru, providing a comprehensive reference point for direct tax case-law research and appellate practice.
